Azerbaijan, Baku, May 19 / Trend /
Director of the International Finance Corporation's (IFC) Southern Europe and Central Asia Department Shahbaz Mavaddat died May 10, 2010, in a car accident in Izmir, Turkey, while returning from a meeting with a client, the IFC reported.
IFC Senior Manager Sybile Lazar, who was traveling with him, has been hospitalized with serious injuries.
Over a 16-year career, Mavaddat worked across boundaries to develop business and integrate a range of IFC's products and services for clients-with a particular emphasis in frontier countries. He was instrumental in maintaining IFC's leadership in such vital matters as local community development, oil-revenue management, and labor and human rights in the context of complex multibillion-dollar development projects.
As SECA Director, Mavaddat directed the growth of the Istanbul office into IFC's first multi-regional hub. Previously, he built up IFC's Linkages unit to assist local businesses and communities associated with IFC investment projects.
He then worked as a civil engineer for 10 years, covering industrial, commercial, and infrastructure projects in North America, Europe, Africa, and the Middle East.
Mavaddat was born in the Abadan city of Iran.